Michigan Power Project Summary
 |
| Project Name: |
Michigan Power Project |
| Location: |
Ludington, Michigan USA |
| Project Description: |
123
MW natural gas-fired cogeneration project |
| Owners/Managers: |
White Pine Energy, LLC and Dynegy
Corporation |
| Commercial Operation: |
October 1995 |
| Power Sales: |
Consumers Energy |
| Steam Sales: |
Dow
Chemical |
| Technology: |
General Electric Frame 7EA combined
cycle cogeneration configuration |
| Fuel Supply: |
MCN
Energy Group (DTE Energy) |
| Lender: |
Barclays, PLC |
| Operations and Maintenance: |
Delta Power Services, LLC. |
| Transaction Description: |
White Pine Energy, LLC, a wholly owned
subsidiary of Delta Power Company, acquired a 50% interest in the
Michigan Power Project (as both a general partner and a limited partner)
from MCNIC Power Company. |
|
Project Acquisition Financing: |
John
Hancock Life Insurance Company and K.B.C. Bank as Agent Bank |
| Closing: |
April 2000 |
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